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Mar 20, 2013
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but from that steve to another steve, we're going to go to washington, d.c. where steve liesman joins us now on cyprus with a very special guest. steve? >> yes, thanks, andrew, we're joined by the former governor of the central bank of cyprus and renowned expert on monetary policy. his research, some of it written with former and current members of the u.s. fed. he worked at the fed from 1990 to 2007 now at m.i.t. good morning. >> good morning, steve. >> let's talk about where we are right now. the parliament rejected the bank bailout as proposed by the international institution yesterday. and now the cyprus finance minister is in russia. where do we go from here? >> it's a very difficult situation. but first, let me explain why the rejection of yesterday. i'm going to compare this to u.s. terms. imagine if governments of other states in the united states blackmailed the states of massachusetts where i'm at right now to shut down its financial center because they don't like it. this essentially what the other governments did on friday night to cyprus. and it
but from that steve to another steve, we're going to go to washington, d.c. where steve liesman joins us now on cyprus with a very special guest. steve? >> yes, thanks, andrew, we're joined by the former governor of the central bank of cyprus and renowned expert on monetary policy. his research, some of it written with former and current members of the u.s. fed. he worked at the fed from 1990 to 2007 now at m.i.t. good morning. >> good morning, steve. >> let's talk about where...
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Mar 19, 2013
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steve steve liesman is here. >> when is the fed expected to stop buying assets. let's look at the first chart. what was expected in january was for the fed to purchase $858 billion in assets. it works out to 76 billion a month, which is below the $85 billion level. i think there's a reason for that that we will show you in a second. the next thing i want to show you is this elaborate thing we created, the fed timeline. and i want to show you how the key points of what is expected from the federal reserve has changed. let's start with when qe is expected to stop. that's moved from here down to here. so they have pushed it ahead from november all the way to may. how about the next thing. when they are to stop tapering purchases. it's gone from december to january. these two things have been pushed ahead. the fed's timeline has been expected. how about fed fund hikes and selling assets. the exit strategy is all the way out here into the first quarter of 2015. first, selling assets has come back a little bit. i have to say there's other data we have showing there's n
steve steve liesman is here. >> when is the fed expected to stop buying assets. let's look at the first chart. what was expected in january was for the fed to purchase $858 billion in assets. it works out to 76 billion a month, which is below the $85 billion level. i think there's a reason for that that we will show you in a second. the next thing i want to show you is this elaborate thing we created, the fed timeline. and i want to show you how the key points of what is expected from the...
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Mar 26, 2013
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steve, bad timing or is it? >> we've been doing this for years and years, i don't know if timing is the issue, you actually got it right, reason we give money to egypt and palestinians. this is a bribe, we say we'll give you money if you don't invade israel. but at a time with big cuts and programs that people care about, i was writing today about impending cuts in air traffic control system that will cause havoc in the airports, people are saying, why are you cunning this not that. neil: that sounds unreasonable. >> ier in heard that before. e never heard this before. >> the question, 300 million is last year's money. that money was -- >> use that to keep the white house open. >> that was frozen by congress, and quietly, unfrozen, is the word they are using. and obama seeking 200 million already appropriated this year from pot that says 440 million, so we're walking around throwing out money, like little christmas goodies every time john ke kerrr barack obama visits a place. neil: you can see how americans are
steve, bad timing or is it? >> we've been doing this for years and years, i don't know if timing is the issue, you actually got it right, reason we give money to egypt and palestinians. this is a bribe, we say we'll give you money if you don't invade israel. but at a time with big cuts and programs that people care about, i was writing today about impending cuts in air traffic control system that will cause havoc in the airports, people are saying, why are you cunning this not that. neil:...
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Mar 22, 2013
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what do you think about that, steve? >> you know, i think there are some advantages to having a country like cyprus, actually, repudiate its debt because one of the things i find looking around the world, even in the united states, is that this sovereign debt is treated like it's, you know, completely risk-free and it is not risk-free. there should be a risk premium associated with government debt and if you had a country like cyprus that essentially declared bankruptcy, and renegotiated these debt agreements, that might raise the interest rates of other countries. and that might not be such a bad thing. there would be more money going into private companies and less going into government. >> yeah. >> the other element of this i think is really interesting, there is a big debate whether the e.u. or whether russia will bailout cyprus. melissa: right. >> cyprus, according to recent figures i saw, the russians have about $50 billion invested in cyprus banks. so they have a lot at stake here. even though they seem tt be back
what do you think about that, steve? >> you know, i think there are some advantages to having a country like cyprus, actually, repudiate its debt because one of the things i find looking around the world, even in the united states, is that this sovereign debt is treated like it's, you know, completely risk-free and it is not risk-free. there should be a risk premium associated with government debt and if you had a country like cyprus that essentially declared bankruptcy, and renegotiated...
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Mar 26, 2013
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let's get right to steve. steve, let's talk about the inspection business. if somebody wants to buy a home they have got to make sure it is inspecked. of course those who are selling, same exact thing. tell me about your business, what you're seeing. >>>well, liz, we are coming off an outstanding, outstanding prior year. we grew 17%. we outpaced the market it looks like we're carrying that into q1 this year. for us, it is all about the dream and the data. the american dream of homeownership seems to be very much intact and data supports the opportunity for a lot of people. as you know we've had folks pushed out of the market for quite a while. mortgage rates south of 4%. for that so to be that way for 15 months in a row consecutively, that is huge economic history. so that's been a big driver for us. a bit of concern on inventory but banks have inventory. we hope they will free up some of that shadow inventory. we're happy and we had a terrific --. liz: can i ask you, steve? part of the problem a lot of homes were being inspected and they were also then bein
let's get right to steve. steve, let's talk about the inspection business. if somebody wants to buy a home they have got to make sure it is inspecked. of course those who are selling, same exact thing. tell me about your business, what you're seeing. >>>well, liz, we are coming off an outstanding, outstanding prior year. we grew 17%. we outpaced the market it looks like we're carrying that into q1 this year. for us, it is all about the dream and the data. the american dream of...
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Mar 22, 2013
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steve liesman is with us. steve, we will start with you. i think you have something teed up for us. >> i want to talk about the federal reserve. we know what happened wednesday and what to look for next week. the first thing is the fed chairman is getting more flack from his right or the hawkish side. and there was a rise in dissent. i don't know that specifically. >> louder or more people? >> i think there's more dissent and more people. or the people making noises before are a little bit louder where he had to concede something with them. did he concede anything meaningful. there were two concessions on wednesday. the first was a line in the statement about kind of the cost section. the second was in his press conference he said not once but twice that the fed will vary purchases with economic data and as results come in. that speaks if it's not the sold old guys. there's more to it than that to the point where they had to make some form of concession. now, did he really concede? i think he's biding for time. let the data come out. >> we'
steve liesman is with us. steve, we will start with you. i think you have something teed up for us. >> i want to talk about the federal reserve. we know what happened wednesday and what to look for next week. the first thing is the fed chairman is getting more flack from his right or the hawkish side. and there was a rise in dissent. i don't know that specifically. >> louder or more people? >> i think there's more dissent and more people. or the people making noises before are...
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Mar 22, 2013
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steve greene who has that chain of craft stores employs tens of thousands of people they might shut that chain of stores down because of what they are dealing with. >> bill: the chicken thing? >> they are doing okay. look, i think the better way of looking at this maybe, bill, is we were never promised a rose garden. if you are a traditional just catholic even a traditional muslim. your holly book does not tell you that you are going to have an easy time of it being a faithful person. we are all flawed. as christians we believe we are all sinners, we fall down every day and try to get ourselves back up. we do believe there is san ideal. even though sometimes we can't live up to it it's up to us as christians to spread the good word. to neighbors, to friends, to be as faithful as we can. >> bill: that's a nice theory. it ain't happening. >> not a theory we are not doing that to the extent we need to so the society is becoming more secular. >> bill: there is no national leader in this country. billy graham is in his 90's. he is off the stage. all right? there is nobody who can really galva
steve greene who has that chain of craft stores employs tens of thousands of people they might shut that chain of stores down because of what they are dealing with. >> bill: the chicken thing? >> they are doing okay. look, i think the better way of looking at this maybe, bill, is we were never promised a rose garden. if you are a traditional just catholic even a traditional muslim. your holly book does not tell you that you are going to have an easy time of it being a faithful...
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Mar 26, 2013
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steve? >> yeah, bill, this is a really interesting finding from our survey, our cnbc all-america economic survey of 800 americans around the country. and we did have some positive housing data. i just want to give you the topline stuff before we dig in a little deeper here. this is the percentage of americans who expect their home values to increase. 54%, that's come down, the same. and what's happened here is you'll see those who say it's going to go up, it's up for a post-crisis high of 33% vest only 13%, who say it's going to decrease. but that doesn't mean we don't have problems in the housing market in this country. in fact, in some cases, quite substantially, you look at the next chart here. what we'll see, you ask people, compared to the purchase price, what you bought it for, is your home value the same? 22% saying it's unchanged, and that compares with march 2011 and '12, worth less, 26%. worth more, 28%. this is the thing that's interesting here. about a quarter of the public still
steve? >> yeah, bill, this is a really interesting finding from our survey, our cnbc all-america economic survey of 800 americans around the country. and we did have some positive housing data. i just want to give you the topline stuff before we dig in a little deeper here. this is the percentage of americans who expect their home values to increase. 54%, that's come down, the same. and what's happened here is you'll see those who say it's going to go up, it's up for a post-crisis high of...
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Mar 22, 2013
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steve sedgwick is calling in on the line from moscow. steve, russia is happy to stand pat while cyprus try toes come up with a solution. >> what we're going to get is an announcement from the european commission and the russian federation. this is looking at a whole host of longer term issue between the european union and is russia. the relationship needs a reboost after disagreements over syria, over trade, over the wto, over human rights and now, of course, most aggressively of cyprus, as well. what i'm fascinated to see -- and i'm in the lockdown, as well, i mention inside the reception house of the russian federation, i'm in a lockdown ahead of that press conference between mr. barroso and mr. medvedev. i want to see how that reboot looks. is it a reboot in name only or is it meaningful? they would prove that it's meaningful by including a solution to the cyprus crisis, including not only the troika, but the russian federation. that's is where mr. medvedev saying russian interests should have been thought about. mr. barroso saying no
steve sedgwick is calling in on the line from moscow. steve, russia is happy to stand pat while cyprus try toes come up with a solution. >> what we're going to get is an announcement from the european commission and the russian federation. this is looking at a whole host of longer term issue between the european union and is russia. the relationship needs a reboost after disagreements over syria, over trade, over the wto, over human rights and now, of course, most aggressively of cyprus,...
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Mar 22, 2013
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shibani: steve, thank you very much for being with us. it doesn't hurt that you've got some of the primest location spots in the city. charles street. used to live on it. that is the heart of the west village. certainly can't hurt to be in those places. >> thank you, shibani. david: the woolworth building is fantastic. if you come to manhattan you have to go to the woolworth building. real historical site. >> thank you. david: steve forbes, who is behind the bank confiscation plan in cyprus. whether or not this might become another european import by some of our euro loving policy-makers. shibani: pepsi is having its first bottle makeover in 17 years. we'll show you exactly what it is going to look like coming up next. ♪ . (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart tex i can quickly understand my charts, and spend moreime trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don
shibani: steve, thank you very much for being with us. it doesn't hurt that you've got some of the primest location spots in the city. charles street. used to live on it. that is the heart of the west village. certainly can't hurt to be in those places. >> thank you, shibani. david: the woolworth building is fantastic. if you come to manhattan you have to go to the woolworth building. real historical site. >> thank you. david: steve forbes, who is behind the bank confiscation plan...
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Mar 19, 2013
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that's, that's why this case is very hard to make against steve cohen. lori: charlie gasparino, thank you. charlie breaks it. melissa: as we do every 15 minutes. let's check the markets with nicole petallides on floor of the no,. you're watching -- of the new york stock exchange. you're talking about lululemon. >> everything they make is expensive and good and regardless how expensive they are they had a problem that the pants are sheer. while they said they had the same manufacturer and same fabric the problem is they will have a pants shortage. they will be replacing pants of those who are complaining. the stock is down about 5%. this is going to cut both their sales going forward and their growth estimates going forward. so as you see there, it says it will have significant impact on their results. back to you. melissa: nicole, thanks so much. lori: russell wasendorf,, sr. bilked investors out of $200 million. it was a 20-year scheme run through pfg business. some of the most valuable items today are up for auction in in an attempt to recover some of
that's, that's why this case is very hard to make against steve cohen. lori: charlie gasparino, thank you. charlie breaks it. melissa: as we do every 15 minutes. let's check the markets with nicole petallides on floor of the no,. you're watching -- of the new york stock exchange. you're talking about lululemon. >> everything they make is expensive and good and regardless how expensive they are they had a problem that the pants are sheer. while they said they had the same manufacturer and...
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Mar 19, 2013
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let's go down to steve liesman with that. steve? >> we asked our 54 respondents what was behind the record levels and we gave them the fed as one of the answer ands it was the leading response. it wasn't the only answer. what you see is that 12% said financial stabilization was a big reason for it. 18%, earnings improvement and 24% attributed to federal quantitative easing. some of what the fed does is related to economic improvement and earnings improvement. in general, they gave other reasons for it as well. not just the fed being behind this. i want to show you also the curious answers we got on the effective quantitative easing when it comes to the bond market, the stock market, and unemployment. by 48 to 44 on both mortgages and bonds, they say it does not lower mortgage and bond yields, quantitative easing, that is. 69 to 21% say it does not lower unemployment rate. but you can see there 75 to 17 they say it does help increase stock -- the stock market values. now, take a look at this list, guys. i think this is a hopium list.
let's go down to steve liesman with that. steve? >> we asked our 54 respondents what was behind the record levels and we gave them the fed as one of the answer ands it was the leading response. it wasn't the only answer. what you see is that 12% said financial stabilization was a big reason for it. 18%, earnings improvement and 24% attributed to federal quantitative easing. some of what the fed does is related to economic improvement and earnings improvement. in general, they gave other...
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Mar 19, 2013
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steve trachtenberg is 75. >> i'm still cooking with gas, but i'm not the man i was at 65 or 55. >> solman: even so, trachtenberg thinks traditional retirement at age 65 is too young. >> people live longer now and are healthier longer now. but i think having an age at which the institution and the individual could together decide whether the person ought to retire would be a useful thing. >> solman: trachtenberg says 70 would be a good age to do that. so why does he continue to work at 75? >> well, if we had the conversation, i'd push back. i'd say, no, im still working! >> everybody's situation is different. >> solman: george mason psychology professor lou buffardi is retiring this spring at age 70. but he doesn't think everyone should. >> there are many folks my age and older who are remaining at the university and are some of our very best people. >> solman: sure, says claire potter, but there's a catch. >> i think one of the things you get if you have an aging faculty is, there's a kind of break on innovation that is unnecessary. younger people who are going into academia are more exci
steve trachtenberg is 75. >> i'm still cooking with gas, but i'm not the man i was at 65 or 55. >> solman: even so, trachtenberg thinks traditional retirement at age 65 is too young. >> people live longer now and are healthier longer now. but i think having an age at which the institution and the individual could together decide whether the person ought to retire would be a useful thing. >> solman: trachtenberg says 70 would be a good age to do that. so why does he...
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Mar 18, 2013
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turn to steve cohen. this is interesting case because i would say the street is divided on settlement. $614 million paid by sac capital and one of its affiliates to essentially settle sec charges that the firm, that matthew mart toma and the firm basically considered insiding trading on elon, back in 2008. i'm going to give you a little bit of information which i just found out today. number one, there wasn't like a lot of time for the cohen and sac to respond to a wells notice. that is the official notice that the commission is thinking about charging you. they didn't say and come back here is why you shouldn't charge us. they launched right into settlement negotiations. clearly shows that steve cohen and sac capital wanted to get this matter behind them and behind them fast. the reason is, yes, he wasn't named in the settlement. he said he has done nothing wrong but the feds are still, still trying to make a case against him. it is very serious for steve cohen. here is what we know. they're trying to do
turn to steve cohen. this is interesting case because i would say the street is divided on settlement. $614 million paid by sac capital and one of its affiliates to essentially settle sec charges that the firm, that matthew mart toma and the firm basically considered insiding trading on elon, back in 2008. i'm going to give you a little bit of information which i just found out today. number one, there wasn't like a lot of time for the cohen and sac to respond to a wells notice. that is the...
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Mar 19, 2013
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senior economics reporter steve liesman is breaking it all down for us. steve, what have you got? >> interesting results from our cnbc fed survey. 54 economists, fund managers, and analysts chiming in with their responses to our questions. first thing we want to show you their response on expected quantitative easing. this was their response in our january survey. looking for $680 billion of qe this year. now $17 billion. they added like another month. they're still below the pace of the fed. the fed buying at $85 billion. but they also lengthened out the timeline of the federal reserve, as you'll see in the next chart here. this is when they thought they were going to stop qe, in november of 2013. that was in our january survey. and now, all the way over here, they've added about six months that they think qe will be going on for. however, they do believe the fed will taper those purchases. that tapering, originally, we thought, was going to start in december of 2013. and now they've moved that ahead again. now it's more of a january. that's the average of all of the responses. h
senior economics reporter steve liesman is breaking it all down for us. steve, what have you got? >> interesting results from our cnbc fed survey. 54 economists, fund managers, and analysts chiming in with their responses to our questions. first thing we want to show you their response on expected quantitative easing. this was their response in our january survey. looking for $680 billion of qe this year. now $17 billion. they added like another month. they're still below the pace of the...
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national coalition has decisively rejected the resignation of its president was all county but not steve was just months off he was elected. as the details in his statement was said that he was stepping down because some matters have to quote him reached a red line it's not he hasn't explained exactly what prompted his resignation but he did say that he was designing to be able to work with freedom that cannot be available from official institutions keep in mind that her tip was someone that both russia and the united states and look to as a person that they could negotiate with on the future of syria back in favor you had to admit with the russian foreign minister sergei lavrov following his claim that the syrian opposition was ready to negotiate with syrian president bashar assad it is important to remember that this was the first time ever that the syrian opposition talked about the possibility of taking a side. although later backtracked by saying that he was willing to talk about the departure of assad with his vice president and his government but not with the syrian president assa
national coalition has decisively rejected the resignation of its president was all county but not steve was just months off he was elected. as the details in his statement was said that he was stepping down because some matters have to quote him reached a red line it's not he hasn't explained exactly what prompted his resignation but he did say that he was designing to be able to work with freedom that cannot be available from official institutions keep in mind that her tip was someone that...
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Mar 18, 2013
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post steve jobs there is concern. it is a small entrepreneurial company that focuses on pnc insurance base. that is 30-year-old software. guidewire is right there. this is a business with less than $200 million in recurring revenues. their win rates are very, very high. well over 50%. so we see the pathway to at least a billion dollars of recurring revenue to be very achievable. >> and also gartner. >> information technology is increasingly strategic for all organizations. the pace of change is accelerating. you probably hair things of cloud computing and mobile and social and big data. and gartner is helping their customers deal with those changes. it sells under $30,000. it has a budget of at least a million dollars. what we really like is they are very much in the early stage of their opportunities. they have a little bit less than 9,000 customers a day. over 100,000 of 10 million or more. >> would you play google in outline of this? you're not doing some other big tech names but that seems like a name that keeps g
post steve jobs there is concern. it is a small entrepreneurial company that focuses on pnc insurance base. that is 30-year-old software. guidewire is right there. this is a business with less than $200 million in recurring revenues. their win rates are very, very high. well over 50%. so we see the pathway to at least a billion dollars of recurring revenue to be very achievable. >> and also gartner. >> information technology is increasingly strategic for all organizations. the pace...
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Mar 19, 2013
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you know what, we've got to get this medicare, this health insurance -- there was a big article by steve bril on cover of "time" magazine. we've got to crack down on the nps'. they're making too much money. >> well, my answer is, some might be making a lot of money. but at nps, we characterize the value and this is what we're offering. and this is why, despite our price, the payers are understanding the value of gatex and reimbursing -- >>y wert take care of these people and try to get them normal lives or we wreck their lives. >> exactly right. not only they will cost the system but not be productive for society either. >> why should they be doomed if you have something for them? >> exactly. and something that works. >> okay, dr. nader, thank you so much. that's francois nader, president and ceo of nps pharmaceuticals up huge today. i don't think it's done. two drugs that are big. "mad money" is back after the break. ♪ ♪ i don't want any trouble. i don't want any trouble either. ♪ [ engine turns over ] you know you forgot to take your mask off, right? [ siren wailing in distance ]
you know what, we've got to get this medicare, this health insurance -- there was a big article by steve bril on cover of "time" magazine. we've got to crack down on the nps'. they're making too much money. >> well, my answer is, some might be making a lot of money. but at nps, we characterize the value and this is what we're offering. and this is why, despite our price, the payers are understanding the value of gatex and reimbursing -- >>y wert take care of these people...
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Mar 26, 2013
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>>steve: what sequester? while the military gets pink slips our vice president is spending nearly $1 million a night in paris. is that just the cost of doing business over there? we report. you decide. >>brian: cinderella is having a ball at the florida gulf coast. >> i've never been a part of anything like this. like, i'm so happy for my team, like i can't really put it into words. >>brian: meet the team going from unknown to unbelievable, and their students couldn't be happier. >>brian: "fox & friends" starts now. >>gretchen: good morning everybody. >>steve: hi everybody. thanks for joining us. we didn't see this coming. our top news alert just in the last hour. italy's top appeals court overturned amanda knox's ate acquittal in her roommate's murder case ordering a new trial. >> we got word of this about 45 minutes ago, and already we're getting a statement from amanda knox herself. she says, she tells the associated press that no matter what happens, my family and i will face this continuing legal battle
>>steve: what sequester? while the military gets pink slips our vice president is spending nearly $1 million a night in paris. is that just the cost of doing business over there? we report. you decide. >>brian: cinderella is having a ball at the florida gulf coast. >> i've never been a part of anything like this. like, i'm so happy for my team, like i can't really put it into words. >>brian: meet the team going from unknown to unbelievable, and their students couldn't be...
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Mar 18, 2013
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>> steve: keep them coming. >> steve: i'm sorry! let's call our king larry. >> brian: i get to go, right? okay. >> steve: horse jump. jump in front. >> brian: why, 'cause you like horses? >> steve: to forget the king! -- protect the king! >> here comes another check. >> steve: oh, man! >> brian: can you not make it look so easy? >> steve: 12 seconds! come on! >> that's also check. >> steve: ten, nine, eight, seven -- >> brian: oh! >> steve: it's a draw! we tied one of the best chess players in the world! >> from that, some improvement. >> steve: it took three of us to square off against you. you're really good. >> thank you. >> ainsley: the women rule. you guys have no idea what you're doing, do you? >> brian: you have the easy one. two sumo wrestlers. you had two men in socks. >> ainsley: nice try. coming up next, amazing story, the nine-year-old boy who taught his neighbor infant cpr so she could save her baby? they both join us next. and check out this guy who finds a phone on the sidewalk. does he return it? what would you do if
>> steve: keep them coming. >> steve: i'm sorry! let's call our king larry. >> brian: i get to go, right? okay. >> steve: horse jump. jump in front. >> brian: why, 'cause you like horses? >> steve: to forget the king! -- protect the king! >> here comes another check. >> steve: oh, man! >> brian: can you not make it look so easy? >> steve: 12 seconds! come on! >> that's also check. >> steve: ten, nine, eight, seven --...
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Mar 19, 2013
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steve will write you a note. >> steve: that was great. terrific. >> brian: he's a general use. >> steve: yeah. if you're a veteran looking for work or know somebody who is, stick around, cheryl casone is here to tell us the country hiring heros. >> brian: first on this day in 1991, "one more try" by timmy t was the number one song. let's just listen and imagine our own lives in that situation. ♪ living all these lonely nights without you ♪ ♪ told me you will be given one more try ♪ [ male announcer ] how do you measure happiness? by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. some people will do anything to help eliminatlitter box odor. ♪ discover tidy cats pure nature. clping litter with natural cedar, pine, and corn. with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock t
steve will write you a note. >> steve: that was great. terrific. >> brian: he's a general use. >> steve: yeah. if you're a veteran looking for work or know somebody who is, stick around, cheryl casone is here to tell us the country hiring heros. >> brian: first on this day in 1991, "one more try" by timmy t was the number one song. let's just listen and imagine our own lives in that situation. ♪ living all these lonely nights without you ♪ ♪ told me you...
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Mar 22, 2013
03/13
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the last clip of the guy who played steve king may wind up being the next senator from the state of iowa. >> that's exactly right. >> so i think to be terrible you could say, well, it's not the majority of the republican caucus saying these crazy things but it's not a tiny fringe either and they do grab the headlines. this irritates party leaders and, of course, michele bachmann and others are hoping that people will take the bait. but you know what, you've got to take them seriously because they have votes. there are a dozen, two dozen, three dozen of the 435 members of that body. it's a serious thing. >> and is that not the issue, joe, that they argued and elected and the republicans do have the majority of the house and just laugh them off at your own peril as long as they are making laws with these extreme positions. >> well, you are absolutely 100% right. just look at this last vote on affordable health care act. that was, what, seven votes. all that had to be changed was seven votes. >> right. >> and i think that, quite honestly, thank god for this program and what you're doing ove
the last clip of the guy who played steve king may wind up being the next senator from the state of iowa. >> that's exactly right. >> so i think to be terrible you could say, well, it's not the majority of the republican caucus saying these crazy things but it's not a tiny fringe either and they do grab the headlines. this irritates party leaders and, of course, michele bachmann and others are hoping that people will take the bait. but you know what, you've got to take them...
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Mar 24, 2013
03/13
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is not directly helping the syrian rebels, steve, but could this change now? >> some think it should and should change soon including the chairman of the committee, mike rogers of michigan, and there's growing evidence that chemical weapons have been used and rogers says president obama himself says that the use of chemical weapons in syria will be a game changer. >> i think it's abundantly clear that the red line has been crossed. absolutely. in the senate, a democrat and republican coming out and we better do that. in the house, republicans and democrats saying we better do something. >> he doesn't want what he calls a big boots on the ground, but something small could make a difference. >> harris: thank you. a spectacular sight at the vatican today. ♪ pope francis leading thousands of catholic faithful on this palm sunday for mass. he took time to remind the crowd to remain humble and loyal to god. palm sunday is the final sunday of lent and leads up to the holeiest day on the calendar, easter. right now investigators trying to piece together how two skyd
is not directly helping the syrian rebels, steve, but could this change now? >> some think it should and should change soon including the chairman of the committee, mike rogers of michigan, and there's growing evidence that chemical weapons have been used and rogers says president obama himself says that the use of chemical weapons in syria will be a game changer. >> i think it's abundantly clear that the red line has been crossed. absolutely. in the senate, a democrat and...
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Mar 26, 2013
03/13
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steve liesman taking a deeper dive into home depot versus lowe's. which retailer you prefer may say more about you than you think. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back to the "halftime report." the results are in for the cnbc all america economic survey. seems americans are split down the middle when it comes to the home improvement rivals home depot and lowe's. the numbers tell a different story of a nation deeply divided. senior economics reporter steve liesman here to break down the numbers. >> scott, this is a great story. we saved it for you guys at "fast money." polled 800 americans across the country the same way they do
steve liesman taking a deeper dive into home depot versus lowe's. which retailer you prefer may say more about you than you think. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious...
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Mar 26, 2013
03/13
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remember steve irwin and the stingray, do not mess around with mother nature. that's it for us. check out the factor website which is different. and spout off anywhere in the world. oreilly@foxnews.com, name and town. if you wish to opine. when writing to us, no pala vchvpalaver that's a sat word. and i'm sorry for the frog must have having a good time. and the spin stops here and we're definitely lookikikikikiki >> good morning to you. i am heather nauert. >> i am heather childers. believe it or not it is march 26th. thank you for watching "fox & friends first". it is time now for your 5@5:00. the top five stories making news for you at this hour. fox news confirmed the u.s. is training syrian fighters. senior military sources say the training has been underway in jordan for the past year to help bolster forces battling president bish char assad. the intelligence agency is running the program and involves 100 u.s. trarns. >> we will know whether awe dma -- amanda knox will have her charges overturned. they were charged with murder but found not guilty in 2011. she spent four ye
remember steve irwin and the stingray, do not mess around with mother nature. that's it for us. check out the factor website which is different. and spout off anywhere in the world. oreilly@foxnews.com, name and town. if you wish to opine. when writing to us, no pala vchvpalaver that's a sat word. and i'm sorry for the frog must have having a good time. and the spin stops here and we're definitely lookikikikikiki >> good morning to you. i am heather nauert. >> i am heather childers....
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Mar 18, 2013
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steve jobs only gave you one product and he told you you'd like it and you did. tod today, unfortunately, a lot of consumers may want a bigger phone and a new phone and apple is not giving you the breadth and the product line that a lot of us would like. i don't know if you call that dusty or not, but what i would say is you don't have a lot of choice. when the iphone first came out it was the only thing out there that could do what it did. today, i would argue samsung makes a better phone and the good thing about an cell they have a great ecosystem in i tunes. i have over 1,000 songs and books and movies in there so that kind of keeps me locked in so i'm probably not going to be able to move to a samsung phone, but in emerging market countries where you're buying your first phone, don't forget, apple's total share of the handset business is 8%. so the other 92% that have other phones, you know, they may move to samsung and apple may lose out on those future sales and that's -- whether it's a dusty phone or not, i don't know, but i don't think it's the best phone
steve jobs only gave you one product and he told you you'd like it and you did. tod today, unfortunately, a lot of consumers may want a bigger phone and a new phone and apple is not giving you the breadth and the product line that a lot of us would like. i don't know if you call that dusty or not, but what i would say is you don't have a lot of choice. when the iphone first came out it was the only thing out there that could do what it did. today, i would argue samsung makes a better phone and...
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Mar 18, 2013
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steve clemens is washington editor at large for "the atlantic." also with the new america foundation. steve, what's amazing about this trip and thinking about the peace process and what we went through earlier, the president was determined. and believed, i think, some of his own ret eerrati erhetoric ts going to be able to be a game changer. here we are in the second term. he said he wasn't going to wait until the second term for peace process. it didn't work. there's a lot of reasons. one of the bigger ones is terrible relations with the israeli government. >> the president came in. he wanted to change the game. he wanted to be the nixon, frankly, who changed the way global gravity worked. he felt solidly all of the problems the united states was facing at that time, whether it was in afghanistan, whether it was in the broad middle east and the real disdain many arabs had for the united states in the wake of the gulf war, he thought if we could fix this problem, many of the other problems would be fixed. and that proved to be when he went head to
steve clemens is washington editor at large for "the atlantic." also with the new america foundation. steve, what's amazing about this trip and thinking about the peace process and what we went through earlier, the president was determined. and believed, i think, some of his own ret eerrati erhetoric ts going to be able to be a game changer. here we are in the second term. he said he wasn't going to wait until the second term for peace process. it didn't work. there's a lot of...
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Mar 21, 2013
03/13
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steve? >> certainly, it's the case what the president promised is not what we are actually seeing right now. yes, there is expanded coverage. the idea that the obama care would be deficit-neutral and control costs i think has turned out to be a charade. if you look at the longer term projections it looks especially more unlikely today than it did when they were engaged in the budget that allowed it to pass. what i think is interesting on the political side is how republicans are treating the issue right now. there is a debate inside the republican party whether it's wise to continue talking about obamacare. on one hand you have a group that says in effect this is over, this is done, we should tweak it, try to improve it, do what we can. let's not focus op it because it's in the past and discussion of aweer thety. on the other hand people think talk about it all the time because implementation is proving difficult and it will be more difficult as we go along to the republicans' benefit. >> br
steve? >> certainly, it's the case what the president promised is not what we are actually seeing right now. yes, there is expanded coverage. the idea that the obama care would be deficit-neutral and control costs i think has turned out to be a charade. if you look at the longer term projections it looks especially more unlikely today than it did when they were engaged in the budget that allowed it to pass. what i think is interesting on the political side is how republicans are treating...
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Mar 26, 2013
03/13
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steve liesman is back. steve, what can you tell us about this time? >> becky, this is only interesting when stuff changes. stuff changed when it came to americans's attitudes on the sequester. our poll found it very interesting change here. let's look where they were back in november around the election about how to cut the deficit. 3% said do it with tax hikes only. 16% in spending cuts only. very little support for tax hikes only. 12 points up. 55% want a combination. but 12-point drop. what's interesting is it was entirely driven by changes in republicans's attitudes almost entirely. 28% republicans back in march. now it's more like 50% if you look at the current results. a slight change of 6% to 13%. but republicans less inclined in part because there were in fact, tax hikes. 15% unsure. 27% say they expected to have no impact. 40% say it will hurt the economy. do i combine them? just come over here for a second. i get 45%. the question is whether or not president obama is making his case about the danger of sequester. i want to point out zoom in
steve liesman is back. steve, what can you tell us about this time? >> becky, this is only interesting when stuff changes. stuff changed when it came to americans's attitudes on the sequester. our poll found it very interesting change here. let's look where they were back in november around the election about how to cut the deficit. 3% said do it with tax hikes only. 16% in spending cuts only. very little support for tax hikes only. 12 points up. 55% want a combination. but 12-point drop....
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Mar 18, 2013
03/13
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this is important. >> steve rattner, why does this matter? cyprus. >> who cares about cyprus, right? >> actually, we should. >> cyprus hill. >> what does it matter? come on. tell me if somebody sneezes in cyprus we get a cold on the nasdaq? >> we're going to have a cold on the nasdaq because the nasdaq is going to go down today. two reasons why this matters. obviously not many people care about cyprus. first, this is an example of how the europeans have screwed up the bailout by trying to get the depositors to pay part of the cost. you now have a run on the bank. you could have a run on the banks in europe azure pees euroy why do i have my money in this bank? i could be next. it shows europe is still a mess. they have a whole bunch of problems. cyprus may be really tiny. it can affect behavior in other parts of the eurozone as we saw with greece. it's a case where the europeans are trying to punish a bunch of russian oligarchs who have deposits in cyprus bank and it backfired on them. >> so the markets. are the markets going to all go down be
this is important. >> steve rattner, why does this matter? cyprus. >> who cares about cyprus, right? >> actually, we should. >> cyprus hill. >> what does it matter? come on. tell me if somebody sneezes in cyprus we get a cold on the nasdaq? >> we're going to have a cold on the nasdaq because the nasdaq is going to go down today. two reasons why this matters. obviously not many people care about cyprus. first, this is an example of how the europeans have...
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Mar 19, 2013
03/13
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steve's coming back. he will tell us about the rain in our bay area forecast. >>> highway 4, still recovering after a terrible crash early this morning. we'll tell you more about that and the rest of the commute. >>> according to the latest federal jobs report, california has the worst unemployment rate in the country. the bureau of labor statistics says california had an unemployment rate of 9.8% in january. that means california ties with rhode island for the highest unemployment rate in the country. california's rate remain unchanged for the month before. by the way, the national unemployment rate is 7.9%. >>> 8:23. the alameda county community food bank says it will be completely out of food by the end of the week. it feeds thousands of families in the east bay and the shortage comes at a time when the need is growing. the food is leaving faster than it comes in but they say donated money can go further than food. the food bank says one donated dollar can be turned into $4 worth of food. >> 20% uptick
steve's coming back. he will tell us about the rain in our bay area forecast. >>> highway 4, still recovering after a terrible crash early this morning. we'll tell you more about that and the rest of the commute. >>> according to the latest federal jobs report, california has the worst unemployment rate in the country. the bureau of labor statistics says california had an unemployment rate of 9.8% in january. that means california ties with rhode island for the highest...
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Mar 19, 2013
03/13
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steve's coming back. he will tell us about the rain in our bay area forecast. >>> highway 4, still recovering after a terrible crash early this morning. we'll tell you more about that and the rest of the commute. >>> according to the latest federal jobs report, california has the worst unemployment rate in the country. the bureau of labor statistics says california had an unemployment rate of 9.8% in january. that means california ties with rhode island for the highest unemployment rate in the country. california's rate remain unchanged for the month before. by the way, the national unemployment rate is 7.9%. >>> 8:23. the alameda county community food bank says it will be completely out of food by the end of the week. it feeds thousands of families in the east bay and the shortage comes at a time when the need is growing. the food is leaving faster than it comes in but they say donated money can go further than food. the food bank says one donated dollar can be turned into $4 worth of food. >> 20% uptick
steve's coming back. he will tell us about the rain in our bay area forecast. >>> highway 4, still recovering after a terrible crash early this morning. we'll tell you more about that and the rest of the commute. >>> according to the latest federal jobs report, california has the worst unemployment rate in the country. the bureau of labor statistics says california had an unemployment rate of 9.8% in january. that means california ties with rhode island for the highest...
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Mar 18, 2013
03/13
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steve liesman on his way soon to westchester county. robert, who knows where he's going. what it might mean for russia's rich. >> nondisclosed location. >> tyler, i'm looking at the markets and the commentary coming in to my e-mail. i think knee-jerk contagion is now becoming contagion as some investors doubt that what's going on in cyprus is really raising concerns about the positive insurance worldwide. citi group in a report that just came out, contagion risks are over rated in our view. the risk of bank runs in other euro area countries has clearly risen but the unique features of the cypriot situation should limit the read through to other cases in the euro area. in case you didn't know this, issuing a strong statement the reassure american depositors. while the situation in cyprus is a real concern for the depositors in cypriot's banks, depositors in the u.s. banks are insured. the cyprus debacle is the sort of thing that has kept the fed on age and as gresive stance on monetary policy. fed would increase by 85 billion in additional mortgages because it's already on
steve liesman on his way soon to westchester county. robert, who knows where he's going. what it might mean for russia's rich. >> nondisclosed location. >> tyler, i'm looking at the markets and the commentary coming in to my e-mail. i think knee-jerk contagion is now becoming contagion as some investors doubt that what's going on in cyprus is really raising concerns about the positive insurance worldwide. citi group in a report that just came out, contagion risks are over rated in...
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Mar 18, 2013
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thank you, steve. >>> 7:09. later today, we could find out if smoke from a grass fire near antioch contains hazardous materials. people in antioch and brentwood were concerned about the smoke. it started at 2:30 yesterday afternoon in a marshland in sacramento county. it was out by 7:00 last night. firefighters let it burn itself out because no homes were in danger. plus it was hard to get to. at first, air quality district officials say the fire was a prescribed burn. but later changed that to an accidental vegetation fire. however, this is the season for prescribed burns. the burns are allowed to control marsh debris and to control the area for wildlife. this year the period began on march 1st and runs through april 15th. the fires must be deemed necessary by the california department of fish and wildlife. >>> 7:0. in the southern u.s. hot, dry, windy conditions causing two wildfires to rapidly expand. in south carolina, look at this. investigators want to know what caused this fire. it damaged or destroyed mo
thank you, steve. >>> 7:09. later today, we could find out if smoke from a grass fire near antioch contains hazardous materials. people in antioch and brentwood were concerned about the smoke. it started at 2:30 yesterday afternoon in a marshland in sacramento county. it was out by 7:00 last night. firefighters let it burn itself out because no homes were in danger. plus it was hard to get to. at first, air quality district officials say the fire was a prescribed burn. but later...
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Mar 18, 2013
03/13
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thank you, steve. >>> 7:09. later today, we could find out if smoke from a grass fire near antioch contains hazardous materials. people in antioch and brentwood were concerned about the smoke. it started at 2:30 yesterday afternoon in a marshland in sacramento county. it was out by 7:00 last night. firefighters let it burn itself out because no homes were in danger. plus it was hard to get to. at first, air quality district officials say the fire was a prescribed burn. but later changed that to an accidental vegetation fire. however, this is the season for prescribed burns. the burns are allowed to control marsh debris and to control the area for wildlife. this year the period began on march 1st and runs through april 15th. the fires must be deemed necessary by the california department of fish and wildlife. >>> 7:0. in the southern u.s. hot, dry, windy conditions causing two wildfires to rapidly expand. in south carolina, look at this. investigators want to know what caused this fire. it damaged or destroyed mo
thank you, steve. >>> 7:09. later today, we could find out if smoke from a grass fire near antioch contains hazardous materials. people in antioch and brentwood were concerned about the smoke. it started at 2:30 yesterday afternoon in a marshland in sacramento county. it was out by 7:00 last night. firefighters let it burn itself out because no homes were in danger. plus it was hard to get to. at first, air quality district officials say the fire was a prescribed burn. but later...
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Mar 20, 2013
03/13
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steve liesman is live from washington straight ahead. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> >> sam is upping is holding an event to unveil its products. tim baxter, president of samsung electronics america. good to have you with us. >> certainly a lot of changes have gone on with the tv in the living room. at this point what are the big products you're unveiling and why should consumers care about these products? >> the big things we're focused on is injecting more excitement and wow into the television experience. there's been a great deal of that in smartphones and tablets. so what we're introducing is a new line
steve liesman is live from washington straight ahead. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades...
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clearly hannity was wrong about the war should be apologized the american people and there's steve hayes fox news contributor and writer for the conservative publication the weekly standard repeatedly used his columns in the weekly standard in his time on fox or called news to push the now debunked lie that al qaeda and saddam hussein were in extra complete linked back has even wrote a book about the so-called link called the connection it is collaboration with saddam hussein has endangered america but as we all know he was wrong to do so worse his apology then there's his colleague at box he was charles krauthammer at the time of the war krauthammer was a fox news contributor and columnist for the washington post and much like hayes use the power of the pen to argue that the iraq war would assure an unprecedented levels of democracy in the middle east in april of two thousand and two he wrote the washington post that time is running short saddam has weapons of mass destruction he's working on nuclear weapons and he has every incentive to pass them on to terrorists who will use them agai
clearly hannity was wrong about the war should be apologized the american people and there's steve hayes fox news contributor and writer for the conservative publication the weekly standard repeatedly used his columns in the weekly standard in his time on fox or called news to push the now debunked lie that al qaeda and saddam hussein were in extra complete linked back has even wrote a book about the so-called link called the connection it is collaboration with saddam hussein has endangered...
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Mar 25, 2013
03/13
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it makes in a bill gates, you know, transition to steve palmer. it makes sense. worked very well at ford. you name the worst performing companies. by the way, the barron's list of the world's most valuable ceos they didn't separate the roles. look at the problems in the uk where they love to advertise they haven't. did it help with bp, royal dutch shell. as you go down that list you think of the disasters. rbs, barclay's all had separation of rolls. it creates confusion in the aftermath as to who speaks for the company, how they're resolving it. and zero research that it's preventive or corresponds with shareholder wealth. >> it's a longer conversation to have. >> rex tillerson. hp. >> yep. >> it's a fantastic job. >> jeff, we got the music playing us out. we will have you back and continue this conversation another time. thanks. >> jeff is always colorful. when we come back, a last minute deal. in europe they are certainly bid up. the cac is up by over 1.6%. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that compan
it makes in a bill gates, you know, transition to steve palmer. it makes sense. worked very well at ford. you name the worst performing companies. by the way, the barron's list of the world's most valuable ceos they didn't separate the roles. look at the problems in the uk where they love to advertise they haven't. did it help with bp, royal dutch shell. as you go down that list you think of the disasters. rbs, barclay's all had separation of rolls. it creates confusion in the aftermath as to...
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Mar 25, 2013
03/13
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two men killed in the accident, including steve davis. and steve davis is former star quarterback at the university of oklahoma. he led the team to national championships in 1974 and 1975. heather: so there's a new warning out for parents of newborns. a study just out says more and more mothers, they appear to be feeding their baby solid food way too soon. now the centers for disease control says that that could lead to serious health problems later on. dr. richard fershein is joins us now hope fully to clear some of this because there is lot of confusion over it. apparently there is study, initially parents were told not to feed their babies solid food up to four months. then last year that was extended to six months. so why? why should babies not get solid food prior to that age? >> there are a number about reasons why. certainly the main reason it is linked with problems later on, obesity, siliac disease, heart disease, because we're teaching children to consume foods too early. what we want mothers to know they should be breast feedin
two men killed in the accident, including steve davis. and steve davis is former star quarterback at the university of oklahoma. he led the team to national championships in 1974 and 1975. heather: so there's a new warning out for parents of newborns. a study just out says more and more mothers, they appear to be feeding their baby solid food way too soon. now the centers for disease control says that that could lead to serious health problems later on. dr. richard fershein is joins us now hope...
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Mar 19, 2013
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steve, i'll start with you. how do you read the market's reaction to the cyprus move in the news today? >> i think cyprus is a one-op deal. very different than the other european countries. the banking industry is such a big percentage of what goes on there. i think people were initially scared by the quote/unquote deposit tax. now the feeling is it's a unique solution. it's one we won't see in italy, spain or portugal. so i think the market said, well, it's okay. we can live with this. we don't think it will get repeated. certainly in the united states. the european indices have had more of a decline than we have. but we're sort o o whistling pat this graveyard, so to speak. >> mark, i think you fall in the same camp as steve, in that you think cyprus is small. c contagion is not such a big problem. financial is a sector that really has traded of late along with european woes. >> yeah. first of all, we would agree with that and we would agree with steve. i'm surprised the markets didn't sell off more on it yest
steve, i'll start with you. how do you read the market's reaction to the cyprus move in the news today? >> i think cyprus is a one-op deal. very different than the other european countries. the banking industry is such a big percentage of what goes on there. i think people were initially scared by the quote/unquote deposit tax. now the feeling is it's a unique solution. it's one we won't see in italy, spain or portugal. so i think the market said, well, it's okay. we can live with this....
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Mar 19, 2013
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good to see you, steve good to see you, chris. >> we were talking about this in the morning meeting. it seems there has been such a change. let's not forget barack obama and hillary clinton when running for president not so long ago were talking about civil unions not gay marriage. it is almost astonishing the change but do you take it as a clue she is running? >> i hope so. but i don't know. i think the reason she came out now is very clear. you know, secretary of state, it wasn't appropriate for her to get into the domestic politically -- >> this is the first thing she's come out publicly about. >> obviously the timing is the supreme court is about to do something and it's the right time to say something and something she believes strongly in. as you said, you know, the world is changing rapidly. you know, i remember in the 2004 presidential campaign i worked for john kerry and dick gephardt two great progressives and being for civil unions in that campaign was considered the leading edge. >> it was a big deal then. >> big deal. in 2016 every democrat running for president will be
good to see you, steve good to see you, chris. >> we were talking about this in the morning meeting. it seems there has been such a change. let's not forget barack obama and hillary clinton when running for president not so long ago were talking about civil unions not gay marriage. it is almost astonishing the change but do you take it as a clue she is running? >> i hope so. but i don't know. i think the reason she came out now is very clear. you know, secretary of state, it wasn't...
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Mar 21, 2013
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steve sedgwick is standing by with the latest from there. but first our own michelle crew c caruso-cabrera is live in cyprus. >> reporter: the situation here grows increasingly desperate. they're down to the wire. cyprus government has to make a decision about what they're going to do. look at the lines that have started to form at nearly every atm of the bank here in cyprus, this liky is considered one of the weakest. they're still able to get money out of the atms in cyprus though banks have been closed all week and won't reopen until tuesday at the earliest. people in line are quite frightened because they know that this is the weakest bank and there had been rumors about it. it is likely to be part of any consolidation effort is that ultimately is what happened. that's every single day likely to be the case. listen to what one man said. he's been taking out money every single day. >> i just took $1,000. i've been taking $1,000 every day. personally i'm taking this money and cash with me to the uk tonight. >> because? >> because we don't
steve sedgwick is standing by with the latest from there. but first our own michelle crew c caruso-cabrera is live in cyprus. >> reporter: the situation here grows increasingly desperate. they're down to the wire. cyprus government has to make a decision about what they're going to do. look at the lines that have started to form at nearly every atm of the bank here in cyprus, this liky is considered one of the weakest. they're still able to get money out of the atms in cyprus though banks...